Idaho Real Estate Salesperson Exam — All Questions
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Under Idaho's Brokerage Representation Act, a brokerage may work with a consumer as:
- a.Only a single agent
- b.An agent, a limited dual agent, or a nonagent✓
- c.Only a transaction broker
- d.A subagent of the buyer only
The Idaho Brokerage Representation Act allows a brokerage to work with a consumer as an agent, a limited dual agent, or a nonagent. The relationship is established by written agreement, and the type of representation determines the duties the brokerage owes.
Idaho requires a licensee to give a consumer the agency disclosure brochure:
- a.At the first substantial business contact, before the consumer shares confidential information✓
- b.Only after an offer is accepted
- c.At the closing table
- d.Only if the consumer requests it
Idaho requires the licensee to provide the agency disclosure brochure at the first substantial business contact, before the consumer discloses confidential information. The brochure explains the available brokerage relationships so the consumer can make an informed choice.
Under Idaho law, whether an agency relationship exists is determined by:
- a.Which party pays the commission
- b.The order in which the parties were contacted
- c.A written agreement between the brokerage and the client, not by who pays compensation✓
- d.The listing price of the property
Under the Brokerage Representation Act, the relationship is established by written agreement, and compensation alone does not determine or create an agency relationship. The written agreement, not the source of payment, defines whether a consumer is a represented client.